Old West Investment Management buys $4,151,893 stake in NovaGold Resources (USA) (NG)

NovaGold Resources (USA) (NG) : Old West Investment Management scooped up 4,935 additional shares in NovaGold Resources (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 935,111 shares of NovaGold Resources (USA) which is valued at $4,151,893.NovaGold Resources (USA) makes up approximately 3.01% of Old West Investment Management’s portfolio.

Other Hedge Funds, Including , Hightower Advisors added NG to its portfolio by purchasing 37,830 company shares during the most recent quarter which is valued at $167,965.National Planning Corp reduced its stake in NG by selling 3,044 shares or 2.02% in the most recent quarter. The Hedge Fund company now holds 147,953 shares of NG which is valued at $670,227. NovaGold Resources (USA) makes up approx 0.05% of National Planning Corp’s portfolio.Global X Management Co boosted its stake in NG in the latest quarter, The investment management firm added 43,923 additional shares and now holds a total of 603,952 shares of NovaGold Resources (USA) which is valued at $3,273,420. NovaGold Resources (USA) makes up approx 0.16% of Global X Management Co’s portfolio.Account Management boosted its stake in NG in the latest quarter, The investment management firm added 3,750 additional shares and now holds a total of 271,390 shares of NovaGold Resources (USA) which is valued at $1,470,934. NovaGold Resources (USA) makes up approx 2.13% of Account Management’s portfolio.Concert Wealth Management reduced its stake in NG by selling 500 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 50,300 shares of NG which is valued at $249,488. NovaGold Resources (USA) makes up approx 0.03% of Concert Wealth Management’s portfolio.

NovaGold Resources (USA) closed down -0.07 points or -1.55% at $4.44 with 19,95,685 shares getting traded on Monday. Post opening the session at $4.41, the shares hit an intraday low of $4.35 and an intraday high of $4.545 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Many Wall Street Analysts have commented on NovaGold Resources (USA). NovaGold Resources (USA) was Upgraded by JP Morgan to ” Overweight” on Sep 27, 2016.

NOVAGOLD RESOURCES INC. (NOVAGOLD) is engaged in the exploration and development of mineral properties. The Company operates in the mining industry focused on the exploration for and development of gold and copper mineral properties. The Company’s principal assets include a 50% interest in the Donlin Gold project in Alaska the United States and a 50% interest in the Galore Creek project in British Columbia Canada. The Company’s primary focus is on the Donlin Gold project. The Donlin Gold project is owned and operated by Donlin Gold LLC a limited liability company that is owned equally by wholly owned subsidiaries of NOVAGOLD and Barrick Gold Corporation (Barrick). The Galore Creek project is owned by the Galore Creek Partnership a partnership in which NOVAGOLD Canada Inc a wholly owned subsidiary of NOVAGOLD owns approximately 50% interest. The Company has no operations or realized revenues from its planned principal business purpose.

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